China’s factory activity slows in April
China’s factory activity slowed in April, hit by reduced overseas demand, supply bottleneck and rising costs, official data released on Friday showed.
China’s manufacturing Purchasing Managers’ Index dropped to 51.1 in April from 51.9 in…
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US economic growth accelerated in Q1, jobless claims decrease for the fourth consecutive week
The US Gross Domestic Product increased at a 6.4% annualized rate in the first quarter, accelerating from 4.3% growth in the previous three-month period and beating expectations for 6.1% increase, in the second fastest GDP growth since the…
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Fresh advance offsets negative signal from Wed’s candle with large upper shadow
The dollar regained traction and jumped on Thursday, neutralizing negative signal from Wednesday’s bearish candle with long upper shadow, left on post- dovish Fed drop.
Near-term action remains underpinned by bear-trap under 107.75 Fibo…
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Break of trendline / Fibo barriers generated fresh bullish signal
The Euro rose to two-month high on Thursday, inflated by dovish Fed, while eventual close above key Fibo barrier and trendline resistance (1.2102/10) on Wednesday generated positive signal and added to bullish stance.
Fresh bulls eyes…
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Fed points to strengthening economy but says still not time for policy shift
The US Federal Reserve, as widely expected, left its interest rate and bond-buying program unchanged and said that loose monetary policy will remain for the foreseeable future even as it sees the economic recovery gaining pace and risks…
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Positive demand outlook lifts oil price to one-week high
WTI oil rose to one-week high on Wednesday, lifted by expectations of rising fuel demand that would offset fears about the impact of a surge in India’s coronavirus cases, while lower than expected build in US crude inventories (0.090 mln…
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The dollar seeks for direction signals from Fed / Biden’s speech
The dollar ticked higher in early American trading, maintaining the series of higher highs and higher lows in past three days, after larger bears faced strong headwinds at key Fibo support at 90.79 (61.8% of 89.15/93.45 upleg) but long…
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Extended consolidation ahead of Fed but the downside remains at risk
The Euro eases on Wednesday but so far remains within the range of past two days, as traders await the outcome of Fed’s policy meeting.
Wide expectations are for unchanged policy as the central bank reiterated its stance that no changes in…
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Fed is likely to keep policy unchanged despite strong signs of economic recovery
The US Federal Reserve is likely to stay on course and keep the policy unchanged at the end of two-day Federal Open Market Committee meeting today, as there has not been enough progress in the economic recovery yet to start easing the…
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Australian inflation rose much less than expected in Q1
Australian inflation rose by 1.1% in the first quarter from 0.9% in the previous three-month period but missed forecast for 1.4% rise and remaining far below Australia central bank’s 2-3% target band.
A key measure of trimmed mean…
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